Poland: Market for Iron and Steel Wire 2024

Market Size for Iron and Steel Wire in Poland

In 2022, the Polish iron and steel wire market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Iron and steel wire consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Iron and Steel Wire in Poland

In value terms, iron and steel wire production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Exports of Iron and Steel Wire

Exports from Poland

Iron and steel wire exports from Poland rose modestly to X tons in 2022, growing by X% compared with the year before. In general, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, iron and steel wire exports surged to $X in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for iron and steel wire exports from Poland, accounting for a X% share of total exports. Moreover, iron and steel wire exports to Germany exceeded the volume sent to the second major destination, Portugal (X tons), threefold. The third position in this ranking was held by the Czech Republic (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and the Czech Republic (X% per year).

In value terms, Germany ($X) remains the key foreign market for iron and steel wire exports from Poland, comprising X% of total exports. The second position in the ranking was taken by Portugal ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the average iron and steel wire export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron and steel wire export price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron and Steel Wire

Imports into Poland

After two years of growth, overseas purchases of iron and steel wire decreased by X% to X tons in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, iron and steel wire imports expanded markedly to $X in 2022. In general, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and China (X tons) were the main suppliers of iron and steel wire imports to Poland, with a combined X% share of total imports. Russia, Ukraine, Turkey, Italy, Belarus, Slovakia, Lithuania, France and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire suppliers to Poland were the Czech Republic ($X), Germany ($X) and China ($X), with a combined X% share of total imports. Ukraine, Russia, Turkey, Italy, Slovakia, Belarus, France, Lithuania and Romania lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron and steel wire import price stood at $X per ton in 2022, surging by X% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron and steel wire import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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